With tax deadlines following one after another, households and businesses are entering a “hot” quarter of obligations. By the end of the year, over €18.7 billion must be paid in taxes and fees, with income tax installments, property tax (ENFIA), and vehicle registration fees forming a “bill” that burns. For October alone, expected state revenues from the 4th installment of personal and corporate income tax, the 8th installment of ENFIA, VAT, and other taxes are calculated at €6.6 billion.
In November, taxpayers will also need to prepare for 2026 vehicle registration fees exceeding €1.3 billion, which must be settled by December 31, 2025. Those who delay will face penalties starting at 25% and reaching up to 100% of the amount owed. In total, November’s bill amounts to €5.738 billion, peaking in December when €6.422 billion will leave taxpayers’ pockets.
However, the pressure on households and businesses doesn’t stop at the end of 2025. The new budget draft submitted to parliament provides for an increase in total tax revenues by €2.649 billion, to €73.527 billion for 2026. From personal and corporate income tax alone, collections are expected to reach €26.710 billion, increased by €742 million or 2.9% compared to 2025.
Specifically, personal income tax will amount to €15.785 billion, reduced by €93 million compared to 2025, as a result of new interventions in the tax scale. Conversely, corporate income tax is projected to increase to €8.659 billion, or by €859 million, due to estimated increased business results for the current tax year, which will be declared in 2026.
Despite increased revenues, the other side of the coin shows a significant increase in debtors, as hundreds of thousands of taxpayers struggle to meet their obligations.
It is characteristic that in July 2025, overdue debts to the Tax Authority amounted to €111.829 billion, increased by €4.558 billion compared to 2024. Debtors (individuals and legal entities) reached 4,001,794, increased by 172,263 compared to last year. At the same time, only 3.87% of the actual overdue balance (approximately €85 billion) is currently under settlement arrangements, just €3.31 billion.
Taxpayers struggling with obligations can include their debts in the permanent settlement scheme. However, installments are charged interest of 4.34% for debts settled in 12 monthly installments and 5.84% for debts settled in more than 12 installments, provided each installment is not less than €30.
